Table of Contents

Survey of Consumer Finances, 1967 (ICPSR 7447)

Principal Investigator(s):
University of Michigan. Survey Research Center. Economic Behavior Program

Summary:

This data collection is one in a series of financial
surveys of consumers conducted annually since 1946. In a nationally
representative sample, the head of each family unit was
interviewed. Starting in 1966, in order to examine the effect that
increased car ownership was having on American families, the data
collected in this series were organized so that they could be analyzed
by both family unit and car unit. The 1967 data are based on car
unit. Survey questions regarding automobiles included number of
drivers and car owners in the family, make and model of each car,
purchase method, car financing and installment debt, and expectations
of car purchases in the coming year. Other questions in the 1967
survey covered the respondent's attitudes toward national economic
conditions (e.g., the effect of Vietnam War involvement and relations
with other communist countries on United States business) and price
activity, as well as the respondent's own financial situation. Other
questions examined the family unit head's occupation, and the nature
and amount of the family's income, debts, liquid assets, changes in
liquid assets, savings, investment preferences, and actual and
expected purchases of major durables. Information about housing was
also gathered, e.g., previous and present home ownership, value of
respondent's dwelling, and mortgage information. In addition, the
survey explored in detail the respondent's employment history, e.g.,
working conditions, job transfers, skills in equipment operation, past
and expected career changes, and work attitudes. Personal data include
age and education of head, household composition, and occupation.

This data collection is one in a series of financial
surveys of consumers conducted annually since 1946. In a nationally
representative sample, the head of each family unit was
interviewed. Starting in 1966, in order to examine the effect that
increased car ownership was having on American families, the data
collected in this series were organized so that they could be analyzed
by both family unit and car unit. The 1967 data are based on car
unit. Survey questions regarding automobiles included number of
drivers and car owners in the family, make and model of each car,
purchase method, car financing and installment debt, and expectations
of car purchases in the coming year. Other questions in the 1967
survey covered the respondent's attitudes toward national economic
conditions (e.g., the effect of Vietnam War involvement and relations
with other communist countries on United States business) and price
activity, as well as the respondent's own financial situation. Other
questions examined the family unit head's occupation, and the nature
and amount of the family's income, debts, liquid assets, changes in
liquid assets, savings, investment preferences, and actual and
expected purchases of major durables. Information about housing was
also gathered, e.g., previous and present home ownership, value of
respondent's dwelling, and mortgage information. In addition, the
survey explored in detail the respondent's employment history, e.g.,
working conditions, job transfers, skills in equipment operation, past
and expected career changes, and work attitudes. Personal data include
age and education of head, household composition, and occupation.

Dataset(s)

Study Description

Citation

University of Michigan. Survey Research Center. Economic Behavior Program. Survey of Consumer Finances, 1967. ICPSR07447-v2. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1999. https://doi.org/10.3886/ICPSR07447.v2

Data on a family unit basis have a record for each
family, with car information only for the first (usually the newest)
car owned. Data on a car unit basis have a record for every car owned
by the family. By using a global filter, data on a car unit basis can
also be analyzed on a family unit basis. The frequencies in the
codebook have been filtered on a family unit basis.

Methodology

Sample:
The sample was made up of a national cross-section of
family units.

Data Source:

personal interviews

Extent of Processing: ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of
disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major
statistical software formats as well as standard codebooks to accompany the data. In addition to
these procedures, ICPSR performed the following processing steps for this data collection: